FxWirePro
Long

EUR/CAD breaks minor trend line support, good to buy at dips

FX:EURCAD   Euro / Canadian Dollar
102 0 3
EUR/CAD has made a low of 1.4250 and started to recover from that level. It is currently trading around 1.3105.

The pair has broken minor trend line resistance 1.4308 ( trend line joining 1.4556 and 1.4488) and this confirms minor bullishness, a jump till 1.4382 (Cloud bottom) /1.4404 ( 50% retracement of 1.4556 and 1.4250) is possible. Minor resistance is around 1.4155 ( trend line joining 1.4333 and 1.43180).

The major resistance stood at 1.4460 (200 day HMA ) and break will take to new level around 1.4500.

On the downside minor support is around 1.4295 and break below targets 1.4280/1.4250.

It is good to buy at dips around 1.4305-4307 with SL around 1.4294 for the TP of 1.4380/1.4405

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out